Automotive News Updates

VW says its provide for Europcar permitted by French regulator

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BERLIN — France’s market regulator AMF has permitted Volkswagen Group’s proposal filed in September to take over Europcar Mobility Group, the automaker stated.

VW, which has teamed up with asset supervisor Attestor Restricted and Dutch mobility group Pon Holdings for the deal, proposed a suggestion worth of 0.50 euro per share, valuing the automotive rental firm at 2.9 billion euros ($3.4 billion).

The AMF will announce when the method of tendering shares will start, VW stated in an emailed assertion.


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